Payments checkout startup Nimbbl raises $3.5 million in funding from Sequoia, Groww, others
21 October 2024
Checkout solutions provider Nimbbl has raised $3.5 million from Sequoia Capital India, Global Founders Capital (GFC) and stock brokerage firm Groww.
Sequoia Capital India had led its seed round, which first closed in July 2021.
Nimbbl raised additional funds earlier this year, led by both Sequoia Capital India and Groww. GFC participated in both the funding rounds.
Palo Alto-based angel collective Amara VC and fintech entrepreneurs and executives, including Cred founder Kunal Shah, Pine Labs’ chief executive Amrish Rau, Jupiter founder Jitendra Gupta, and Nium founder Prajit Nanu, have previously backed the Mumbai-based startup.
Nimbbl said it would use the proceeds from the latest round to scale up its platform and go deeper into its affordability and multi-currency payment offerings.
Checkout solutions provider Nimbbl has raised $3.5 million from Sequoia Capital India, Global Founders Capital (GFC) and stock brokerage firm Groww. Sequoia Capital India had led its seed round, which first closed in July 2021. Nimbbl raised additional funds earlier this year, led by both Sequoia Capital India and Groww. GFC participated in both the funding rounds. Palo Alto-based angel collective Amara VC and fintech entrepreneurs and executives, including Cred founder Kunal Shah, Pine Labs’ chief executive Amrish Rau, Jupiter founder Jitendra Gupta, and Nium founder Prajit Nanu, have previously backed the Mumbai-based startup. Nimbbl said it would use the proceeds from the latest round to scale up its platform and go deeper into its affordability and multi-currency payment offerings.
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